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katen-ka-za [31]
2 years ago
9

A useful way of standardizing financial statements is to choose a ____ and then express each item relative to the _____.

Business
1 answer:
bulgar [2K]2 years ago
4 0

The most useful way of standardizing financial statements is to choose a _<u>base year</u>,_ and then express each item in the period under review relative to the _amounts____ in the base year.

<h3>What are comparative financial statements?</h3>

Comparative financial statements compare a particular financial statement with previous statements. Previous financial statements are presented in side-by-side columns with the latest figures. With this, investors are able to track a company's progress over some periods and compare the company's financial results and performance with its industry competitors.

Thus, financial statements can be compared using financial ratios, which express the relationships between the various items within a financial statement, or using a base year.

Learn more about comparative financial statements and financial ratios here: brainly.com/question/9091091

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Newman Labs is considering buying equipment, which would enable the company to obtain a five-year research contract. The special
DanielleElmas [232]

Answer:

B

Explanation:

Net present value is a tool used to analyze how profitable a project by deducting the present value the difference between cash inflow and cash outflow over a period of time.

The formula is (cash flow)/(1+r)^i

Revenue - $750,000

Expenses - $650,000

Increase in net income - 100,000

Annual depreciation charge - 650000/5 =$130,000

Discount rate - 12%=3.605

Present cash value =( $100,000+$130000) = $230,000

Please note that depreciation is added back as it is a non cash expenses

Present value of cash flow = annual cash flow * discount rate

=$230,000*3.605 =829,150

Net present value = 829150-650000= 179,150

3 0
3 years ago
Read 2 more answers
Saleh, an accountant, is the sole shareholder of Turquoise Corporation, a C corporation. Turquoise is a personal service corpora
VashaNatasha [74]

Answer: $82,500

Explanation:

Saleh's salary for fiscal year ending September 30 = $330,000

Salary that should be paid between October 1 - December 31, if the corporation is to continue to use it's fiscal year without negative tax effect.

To avoid negative tax effect, the Saleh's salary should be atleast equal to the amount being given for the fiscal year which ended in September 30.

October 1 - December 31 = 3 months

Saleh's monthly salary = total slary during fiscal year ÷ 12

$330,000 ÷ 12 = $27,500

October 1 - December 31 = $27500 * 3 = $82,500

3 0
3 years ago
Grocery stores are likely to hold ______ inventory of candies to meet the extra demand during halloween.
Degger [83]

Grocery stores are likely to hold<u> anticipation</u> inventory of candies to meet the extra demand during Halloween.

Halloween's origins may be traced returned to the historical Celtic pageant referred to as Samhain, which become held on November 1 in modern-day calendars. It become believed that on that day, the souls of the useless returned to their homes, so humans wore costumes and lit bonfires to ward off spirits.

Halloween, a contraction of All Hallows' Eve, a holiday discovered on October 31, the nighttime before All Saints' (or All Hallows') Day. The party marks the day earlier than the Western Christian dinner party of All Saints and initiates the season of Allhallowtide, which lasts three days and concludes with All Souls' Day.

Halloween Ends is an upcoming American slasher film directed via David Gordon Green and written by using inexperienced, Danny McBride, Paul Brad Logan, and Chris Bernier. it's far a sequel to 2021's Halloween Kills and the thirteenth installment within the Halloween franchise.

Learn more about Halloween here brainly.com/question/18459726

#SPJ4

4 0
2 years ago
Who pays taxes in a corperation?
atroni [7]

Answer:

<em>Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.</em>

Explanation:

<h3><em>I </em><em>hope</em><em> this</em><em> helps</em><em>!</em></h3>
7 0
2 years ago
You deposit $3000 into an account which earns 5.1% interest per year, compounded annually. your friend simultaneously deposits $
valina [46]
3000 (1+0.051)^(t)=2000 e^(0.075t)
Solve for t using Google calculator
To get
T=16.05 years

6 0
3 years ago
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